DOL Seeks Additional 18 Month Delay of Full BICE

The DOL is proposing an additional 18 month delay, until July 1, 2019, for fiduciaries to comply with the full requirements of the Best Interest Contract Exemption. Document Excerpt Link https://www.reginfo.gov/public/jsp/EO/eoDashboard.jsp

Second Set of FAQs on Fiduciary Transition Period

The DOL has issued a second set of FAQs dealing with the fiduciary conflict of interest rules during the transition period. Document Excerpt The following FAQs provide information on (1) a “fiduciary status disclosure” issue under the Department of Labor’s ERISA section 408(b)(2) service provider disclosure regulation that applies to ERISA pension plans, (2) whether […]

DOL Intends to Delay Fiduciary BICE and Other Exemptions

The DOL has notified a district court in which the fiduciary rules are being litigated that it intends to delay the applicability date of the Best Interest Contract Exemption and other exemptions issued as part of its conflict of interest regulations. Document Excerpt Extension of Transition Period and Delay of Applicability Dates From January 1, […]

DOL Issues FAQs on Conflict of Interest Regulations

The DOL has issued additional guidance on its fiduciary conflict of interest regulations in the form of Frequently Asked Questions. Document Excerpt The following FAQs provide information on (1) a “fiduciary status disclosure” issue under the Department of Labor’s ERISA section 408(b)(2) service provider disclosure regulation that applies to ERISA pension plans, (2) whether recommendations […]

PBGC Projections Report

The PBGC’s report on projected solvency is released. It projects that the PBGC’s multiemployer pension plan program will likely run out of money by the end of 2025 while the financial picture for single-employer plans will likely continue to improve. Document Excerpt This year’s projections for PBGC’s multiemployer program show less uncertainty regarding the year […]

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